Goldman Sachs Asset Management Announces Liquidation of Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Cap Equity ETF

Goldman Sachs Asset Management L.P. (“GSAM”), the investment adviser for the Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Cap Equity ETF (the “Fund”), announced today that the Fund’s Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation (the “Plan”) for the Fund. Under the Plan, which is effective today, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plan is not subject to shareholder approval.

Shareholders of the Fund may sell their shares on the Fund’s listing exchange, Cboe BZX Exchange, Inc. (“Cboe”), until market close on January 12, 2024, and may incur transaction fees from their broker-dealer. The Fund’s shares will no longer trade on Cboe after market close on January 12, 2024, and the shares will subsequently be de-listed. Shareholders who continue to hold shares of the Fund on the Fund’s liquidation date, which is expected to be on or about January 19, 2024, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares. For tax purposes, shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. The Fund will stop accepting creation orders from Authorized Participants on January 12, 2024.

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Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market – overseeing more than $2.68 trillion in assets under supervision worldwide as of September 30, 2023.¹ Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Follow us on LinkedIn.